Skip to main content

Posts

Showing posts with the label CNBC Senior Producer - Morning Briefing -

From the Desk of Peter Schacknow, CNBC Senior Producer - Morning Briefing - July 22, 2013: Dow, S&P 500 seek to continue summer streak

Dow, S&P 500 seek to continue summer streak Peter Schacknow, Senior Producer, CNBC Breaking News Desk The Dow and the S&P 500 are coming off four straight weeks of gains, despite a mixed Friday, and the S&P 500 is currently on pact for its best monthly gain since October of 2011. Quarterly earnings are likely to be the key influence on the markets, with the busiest part of earnings season occurring this week and next. Today marks the first of three straight days containing economic reports on the housing market, beginning with June existing home sales from the National Association of Realtors at 10 a.m. ET. Economists are looking for a 1.9 percent increase in sales to an annual rate of 5.28 million, compared to May's 4.2 percent advance. Dow component McDonald's (MCD) is the most prominent of today's earnings reports, due out at 8 a.m. ET. Other reports scheduled for this morning include Hasbro (HAS), Halliburton (HAL), Gannett (GCI), and